So we’ve got a bunch of forex activity which may or may not be taking place, pie in the sky ROIs, pyramid scheme style recruitment commissions… and the same guy running the scheme has his own payment processor he uses to manage invested funds through.

In November 2014 someone approach me to join fx united but I don’t believe n never invest.. i told him it is money game .. Then last month the guy came to me n told me he still making money.. N tell me he now invested in venus and doing good.. Better income.. Ask me to consider about that..

My friend invested 3,000USD around 3-4 weeks ago. She has been getting consistent 84USD a day for a 5 day trading week. She has recruited a few people, but can’t really be bothered doing a lot of recruiting; it’s not necessary.

She did receive her 25% sponsor bonus (of the amount the person invested), when she completed a binary pair she received the one-off payment of 10% (from the weaker investment); also the weekly Loyalty Bonus of 1.5% per level.

Now, none of us should agree on a guaranteed return, I like to think the only things I can guarantee in life, is death and taxes hahaha.

The 84USD is placed into what’s called your B-Wallet, which is basically just where your main ROI goes. You also have what’s called a T-Point (wallet), which is what you use if you wish to do your own live trading.

70% of your ROI goes to your B-Wallet, and 30% to your T-Point. This could be to stop you blowing all your money if you don’t know how to trade, or if you don’t live trade, like her, just use that to pay the 30% at the then end of the 80 days (which is 80 trading days, so around 4 months).

You can withdraw your funds from the B-Wallet on the 15th and the 30th of every month. She has withdrawn around 2000USD so far, and last I checked she had a bit over 3000USD (she recruited somebody who invested 10kUSD recently, so that bumped her up a bit).

And that is all I can really say for her at this time. If something happens, like she loses all her money, or anything major, I’ll be sure to let you guys know.

Now, I have another acquaintance who also invested into Venus FX, instead, he invested a whopping 10kUSD around 2 months ago. Currently, he is sitting on 150k in his B-Wallet.

He is a financial broker and is confident enough to live trade comfortably, though I do not know his profits. I don’t know much of his situation, thus I cannot say anymore.

At the end of the day, do not invest what you cannot afford to lose. This is not a long term money solution, with more players entering the market.

I don’t believe it is a Ponzi Scheme, as Ponzi’s rely on recruitment to work, as it is simply a redistribution of money rather than an actual investment.

Also, Ponzi’s do not allow you to trade or manage your own funds. Pyramid scheme…yeah, nah I can see how it would appear to be one. However, again, you do not need to recruit, my friend does not really recruit, and can happy get by on her own ROI from her investment.

There are people that trade in the millions of dollars in the Forex market, just look at George Soros, when he enters the market (only a couple of times a year I heard), everyone bails because shit is about to go down hahaha.

The minimum investment for Venus FX is 500USD I believe, and the maximum is 100kUSD so, you can’t really invest millions and become the richest person after a week. In fact, I don’t see you earning much more than 800-900kUSD a year as a maximum, not including the bonuses.

So, there you go guys, take my info with a grain of salt, don’t risk what you can’t afford to lose. I plan to invest 3,000USD soon and start learning how to live trade, because as I said earlier, I do not see this as a long-term endeavour.

Good luck and have fun.

P.S. Feel free to use any info I’ve said on other forums and sites, I don’t have a problem haha.

CrystalFinger: My friend invested 3,000USD around 3-4 weeks ago. She has been getting consistent 84USD a day for a 5 day trading week. She has recruited a few people, but can’t really be bothered doing a lot of recruiting; it’s not necessary.

getting paid regularly is not an indication of legitimacy.

if everyone stopped recruiting in venus fx, it would crash. venus fx appears to be a ponzi pyramid scheme, and the ponzi payout relies on the recruitment efforts of affiliates. recruiting may not be compulsory, but believe it, without recruitment no one will get any ponzi payout.

CrystalFinger: I like to think the only things I can guarantee in life, is death and taxes hahaha.

you can add ponzi pyramid schemes to your list. they are Guaranteed to Fail.

Good Day, VenusFX had been blacklisted for quite sometime now by BNM. If anyone try to withdraw your deposit now, good luck in doing so.

As far as I know, some individuals on top range also facing withdrawal issue. They had be contacting, comment and discuss this withdrawal issues without any clear outcome.

The top management seems to promise to them this issues will be settle by end of August (another few days only). But if they had withdrawal problems for past few months, wonder how they will overcome it by another few days.

The facts are imminent. The company going to vaporize with all the deposited money.

Ray:
Anyone know the latest outcome? I m also stuck with withdrawal delayed for more than a month and half thru Izzipay.

Yeah, izzypay has ceased all withdrawals at the moment to clear it’s current pending withdrawals.

If you want to withdraw, you need to withdraw through company, but the minimum is $500 and you have to have at least $30 left in your wallet AND you can only do it on the 15th and 30th of every month….. basically like it used to be before izzypay fucked everything up.

We truly understand that many investors are frustrated and upset with current situation happening with VenusFx and its payment issues which is prolonging too long.

Due to BNM monitoring on Forex companies & therefore maximum limitation on payment release by bank side and also heavy withdrawal request last 2 months with long Hari Raya break caused major delays and is undergoing payout release issues.

Remember when good times, everyone enjoyed great income and returns and now company is going thru some difficult period which they need time to recover, this is the time you should show your patience and support. without your support and encouragement, it’s difficult. No one wants to kill their own baby.

Think on positive note that :-

>Many still getting their payouts… It’s better to get paid late than never.

>Office still opens and operation runs as usual.

>Bosses still around attending meetings and providing solutions on current issues.

>All IBs still actively representing our investors and communicates with company for better process.

As IBs, we are pushing hard to represent all of you for better service and better process.. Remember we are also investors like you but we took leadership to share This platform as many as can so that others can benefit also.

Therefore on our last meeting with Dato Shukri and Wadey, we have received some great boost on recovery plan and actions to do to resolve the current pending payments.

IB withdrawal also will take place soon once we get green light from company to proceed hopefully anytime this week.

Bitcoin withdrawal will be improvised as currently company short of bitcoins supply but this issue is rectified and supplier of Bitcoin is negotiating with company.

Izzipay will be scrapped soon and alternatives payment options will be provided due to poor service from this payment gateway. Izzipay points will be reverted back to B-wallet and leaders & Investors will have options withdraw to bitcoins, create Awallet from Bwallet & convert Izzipay and Bwallet points to Premium packages

Binary plan will be revived soon and be prepared as USD 500 and USD 10,000 will be abolished soon. Only USD 1k, 3k and 5 will
Be available.

New premium plans will be launched starting from USD 10,000, USD 30,000 & USD 50,000 with great satisfying returns and better payout options. Payout direct from overseas, New Zealand and Singapore.

Separate office and management team just to operate premium accounts as vip clients so that payout will be prompt.

When all this takes off, our bosses believes we can recover our binary investors soonest possible and slowly convert them back to Premiums which is logical, better payout auto debit system, MT4 own account and online agreement.

We have came this far, let’s be a little bit patient more as company still working ways with IBs to help the investors. Please inform and update your downlines and investors accordingly as what they need most is proper updates and better options which company is working out.

Also tell them to stop blackmailing on police reports and authorities as it will put all investors payouts at stake.

It’s not wise at all when company still exists and making ways to regenerate the business. Avoid being selfish and think all of us as a big family here to make some profits together.

1 more thing to stress here, there is no such thing only SUPERKINGS problem and other team doing well, remember 1 thing if SUPERKINGS problem, it’s a problem for all the team because SUPERKINGS holds biggest share of VenusFx business…

This is unprofessional approach by some desperate leaders who don’t have any integrity to build their business on their own and finding short cut to make money by stealing current investors and pull them in by giving false informations. Don’t be convince by these cheap mentality so called leaders. They are not leaders, they are leeches.

All IBs in SUPERKINGS doing their best to fight for all our investors welfare and instead of pressuring and threatening them, pls extend your support and encouragement so that we can rock back and create a legacy with VenusFx.

You guys waited this long, wait a little bit more until we find a best solution to solve all these issues soonest possible.

Thank you in advance for your Understanding and patience. It will be pay off soon.

Watch out for official announcement on company’s action plan and future plans.

Our bosses has promised to find way somehow to solve this current long awaited pending issues soonest possible. Please give them time and space to come back with solutions.

From,
On behalf of all SUPERKINGS IBs and VenusFx management, Dato Shukri and Wadey.

My withdrawal was on 13 and 14 July and all my friends had received their payment but I am the only one never received any payment from izzipay. Besides that even though I didn’t receive the money but the transaction status was shown “accepted”.

I’ve checked all my particulars and there are no mistake. I tried to contact someone responsible but no answer from them. I haven’t receive any payment for more than two months. Who and what should I do?

Please advise. Please reply me as soon as possible. Thank you.

The latest payment which I know is withdraw from izzipay on16July and received on 17/8/16.

U are not alone dakabro…we r on the same boat…i still yet to receive from 13 July withdrawal request…no choice, we gotta wait…I heard it’s BNM regulation…my friend from another forex also is stuck with his payments for almost 4 months…

It is not BNM regulations problem. These guys are running ponzi scam and they will blame everyone to justify themselves.

Regulated forex broker deposits and withdrawal process are going without any problems. Only for whom associate with ponzi brokers are facing problems.

But all my other friends around 10+ of them got their withdrawals money which was pending for more than 3 months, only me havent got yet. If ponzi scheme they wont give money to anyone right? still confused tho

5) cancel button for company withdrawal to convert to premium (Wednesday)

6) Fxtune premium sign ups starts 21st September onwards

This is the latest update from COO … Fxtune is also applied license from uk foe FCA .. We are doing our soft launch soon in singapore and fxtune Asian HQ will be in singapore too … So be prepared guys …

While we work on slowly settle pending withdraws for Venus … Fxtune is going to build big empire soon .. Only few Malaysians going to be part of this project .. Don’t miss it … You guys has the privilege as you guys supported Venus and SUPERKINGS before..

This is the thing that float around. You can see they are promoting FXTune on the website. Try to lure people with “Only few Malaysians going to be part of this project”.

If you go to VenusFX site and scroll down there is a link to FXTune. Pls click that link and you will be here: venusfx.com/main/more-det.
SUPRISE, it shows page not found.

Try visit fxtune at fxtune.com, scroll down until you see “Company News” and “Currency Analysis”.

Both news are current until April 2015. Yes, 2015. They claim providing high quality services but event the news had not been updated.

Going further,pls check these links as well;

fxtune.com/author/admin/
fxtune.com/our-blog/

Both of that particular links are not updated at all. It is with dummy text. So, tell me that they are running a multi million forex business with a unfinished portal.

And, VenusFX is going to work hand in hand with them. So friends, think before you invest with anything related to this companies.

Yesterday there was a meeting in Seremban involving some top IBs. The “CEO” of Venusfx mentioned that they can’t guarantee exact date to return investor’s fund.

And they also keep promoting new premium scheme.

Suppose today is the last day for withdrawal as @stepstep mentioned but seems investor were not given clear picture.

The CEO promise to return the minimum invested amount in 3 payment start from October (33% OCT, 33% Nov and 33% Dec)

Maybe it’s a tactic to calm down investors. Seems almost same steps as been taken by FXUnited as well.

Dear so call investors. Please take some minutes to ponder about current situations. Why payment problems happen for both VenusFX and FXU. Out of hundreds Forex brokers out there only Brokers related to Malaysia site are facing problem. Both “based” on New Zealand and same modus operand.

Realize that both are Ponzi schemes. These guys are trying buying time before “disappear”. Both of them gave a 30 days to 90 days to settle payment problems.

Try google out there if any other broker are doing such a thing.

And, if you “investor” really lucky, these guys will pop up again after a couple of years with brand new “schemes”. And then you people can invest again.

Dear all, we had an IB meeting yesterday in Seremban to conclude our action plan.

1. There are no updates from Wadey on what is happening in NZ and about the fund movement.

2. There are no clear indication that the company could pay the 1st 33% by end of this month.

3. We IBs have formed ourself as the action force team against the management and gave ourself up to 25th of this month prior to taking this issue drastically to the next level considering not to jeopardise the whole effort of waiting so far.

4. The company have clearly mis-managed the fund.

5. An amount of approx RM7.2million has been pumped in to Yayasan on the effort of getting BNM clearance and other certification. Basically got conned. Are trying our level best to recover that money.

6. Trading account balance in NZ shows only approx USD5.3million equity where the initial capital injected was only approx USD3million.

7. Total sales done for the company by Superkings team including us Billionairemind is more than USD100million.

8. Approx RM100million from our sales, is said to be siphon out to other MIBs group by Dato Sukri. No concrete prove yet unless we could get hold of Sukri and clarify this matter. He has gone missing and not responding since the recent leaders meeting.

9. Lastly, I’m glad that till today none of the leaders, especially those who made profits came forward to plan how to recover their members investment. The office which we all deposit our money is now closed with no proper notification and no proper reason during office hours and you guys are absolutely cool about it.

10. All the IBs are working around the clock to gather all necessary datas to take the right move at the right time.

11. Lastly for those who wants to hope for the best, let’s hope for the best. And for those who feels like the whole thing have overtook your patience and wants to take some action, kindly proceed. The gate is open, and we want everyone’s cooperation.

This is among some the message that circulating in VenusFX IB’s group. Clearly, VFX has come to an end. If you guys still believe that you will get back your investment, wish you all the best.

Better, if you all can get together and make a necessary report. Do not let these guys to enjoy your hard earn money.

As you all are aware on 29th September 2016, the management of Venusfx consisting of Dato seri Sukri, Wadey, Firdaus, Shifa and Datin Zarifah had assured in public platform in KL that they would return the 1st 33% capital invested into their company and their group of companies by 25th October 2016 subsequently the second 33% of capital by 25th November 2016 and the final 34% of the capital by 31st December 2016.

There after on 16 October 2016 and 20th October 2016 we again met with the management in regards to the payments.

Today 21st October 2016 we the team leaders had again call the management with lawyers presence to ensure the payment term are complied with but unfortunately none of the management team turned up.

Bearing the nearing of the deadline for the 1st tranche of payment, we the team leaders have decided that if we do not receive any payment to the investors by the 25th Oct, we will officially form an ACTION COMMITTEE from the pool of investors to pursue the management in recovering the invested funds through appropriate actions.

Further to our whatsapp message of 21/10/2016. Please be advised we had finally managed to meet Wadey and Firdaus from the management side on 22/10/2016 & 23/10/2016.

From our meeting, we managed to find out the following from them (mgmt) on the whereabout of the monies that has been invested into their companies:

1. They claim about appx RM300M had been deposited since Dec, 2015 to Aug 2016.

2. They claim they have appx 16,000 investors.

3. They claim about appx RM100M is the refund due to all the investors.

4. The informed that the monies were received in the following accounts:

a. FXT Global Resources; – sole prop- Encik Mohd Firdaus

b. FXT Racing Resources – sole prop – Encik Mohd Shifa

c. Venus Empire Enterprise- sole prop- Encik Mohd Firdaus

d. Venus Energy Sdn Bhd – ROC- Mohd Firdaus & Datin Zarifah

e. Venue Empire Sdn Bhd – ROC – Mohd Firdaus & Mohd Shifa

f. FXT Empire Sdn Bhd – ROC – Mohd Firdaus

On the tracing the movement of the funds, the following had been informed by them

1. Appx – RM5.5 Million in an account in New Zealand under Encik Wadey (these funds are from Kenya, Singapore, India & Malaysia and Encik Wadey claims that the account is blocked for investigation)

2. Appx – RM12.Million – FXTunes in New Zealand which is the trading account.

3. Appx RM7.2 Million paid to Malaysian Ventures Entrepreneurs
Foundation(Yayasan) (MVEF) RM5.M was paid by Venus Empire Enterprise and RM2.2M was deposited directly by investors into MVEF as instructed by mgmt

12. One piece of land purchase in Kuantan by cash for RM380K – purchase under the name of Wadey’s mother

13. Appx RM80 Million of the investors’ money has been given to Dato Seri Shukri.

These are the information that we have been given verbally by the management and they have promised to provide the documentary proof in due course.

All these movements of funds had started in May and Jun 2016 without any knowledge of Team Leaders and investors.

Further, Encik Wadey & Firdaus claim that they have lost communication with Dato Seri Shukri.

Based on the above, the management has clearly told us that they will not be able to pay any capital refund as promised by end of October, 2016 but they have agreed to work with the Team Leader and their investors in liquidating the monies held and pay towards the repayment of capital.

Encik Wadey in the interim has agreed to put out in the Venus website the appx capital investment by the each investor by 24th October, 2016 (Monday).

We, the Team leaders are now ready to work with the investors by forming an ACTION COMMITTEE to come out with collective proposals so that we can initiate further actions in recovering the funds that are in the mgmt’s possession and those funds that has been siphoned out.

The committe has decided that the company is not going to honor their promises. We as RATE Committee have decided to take action via law enforcement.

They have decided that we are not going to wait for the owners anymore. We are going to engage criminal lawyer to act on behalf of all of us. A petition will be send out to all investers to sign for the engagement of lawyer next week via email.

Those who sign the petition will have the laywer to act on your behalf to recover as much of your capital from venusfx company.

Just back from RATE meeting in Seremban.

Conclusion.

1. Form RATE team with election from 88 members.

2. They explain the chronology of the event took since July.

3. RATE team will file a case to police and will appoint lawyer.

4. By next week most of the members will receive email for us to acknowledge and agreed to allow the lawyer to act on behalf of us.

I don’t see revealing his or his assitant’s phone number is anything wrong as I see the key persons contact numbers for other ponzi schemes on FaceBook.

If there is a FB page for VenusFX it can also be posted there as the intention is to help investors get out of the ponzi scheme and recover their money wherever possible – unless I am wrong about this blog.

Oz I believe the blog was about warning people about the risks on the business model and also to avoid and shut down this scam.

Unfortunately some saw this blog after they were deep in it and now any information like details from Jason Benedict of the RATE team details and contact numbers and also that of the key promoter details [full name, IC, home address etc] to lodge police reports will be helpful to investors and in my opinion he should be allowed to share it here with investors who want to move forward and also make the police reports which can bring this scam to closure.

Can you then kindly please suggest how can Venus Victim Seremban [VVS] get any of the information required from Jason Bendict.

Some suggestion or solution from your kindself will be really helpful for the persons concerned rather than “Nope” as I am sure in your heart the intention is to assist in some way for the persons to move forward.

Just echoing my thoughts for your consideration as I am sure Jason wants to help VVS.

To everyone that has gotten burnt on all these FX platforms… STOP putting your money in any scheme that involves a ‘middle man’/IB.

No matter how great the returns are, your capital will never be hundred percent safe. At anytime in the future the ‘middle man’ could run away, close down, disappear, etc.. as in the case of VenusFX, FXUnited, and so many more out there.

Call it money games, call it ponzi, call it anything you like, the final outcome will always be the same. You risk loosing your capital. And worse still, your reputation if you promoted it to friends and family.

A better choice would be to put your capital directly in a broker bank account, and have professional FX traders trade your account.

Your money will always be safe in a bank account and only you have the authority to withdraw or top up. Better still, you can monitor all FX trades on your account at anytime.

To everyone that has gotten burnt on all these FX platforms… STOP putting your money in any scheme that involves a ‘middle man’/IB.

No matter how great the returns are, your capital will never be hundred percent safe. At anytime in the future the ‘middle man’ could run away, close down, disappear, etc.. as in the case of VenusFX, FXUnited, and so many more out there.

Call it money games, call it ponzi, call it anything you like, the final outcome will always be the same. You risk loosing your capital. And worse still, your reputation if you promoted it to friends and family.

A better choice would be to put your capital directly in a broker bank account, and have professional FX traders trade your account.

Your money will always be safe in a bank account and only you have the authority to withdraw or top up. Better still, you can monitor all FX trades on your account at anytime.

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